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Florida Real Estate News – Fla. housing market Higher prices and more sales in June

Florida Real Estate News – Fla. housing market: Higher prices and more sales in June ORLANDO, Fla., – Florida’s housing market had more closed sales, higher median prices and more new listings in June, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 28,205 last month, up 4.3 percent compared to June 2016. “More homeowners decided it was time to sell in June, resulting in an increase of new listings in Florida by 4.2 percent,” says 2017 Florida Realtors President Maria Wells, broker-owner…

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Florida Real Estate News Higher prices squeezing both renters and homebuyers

Florida Real Estate News – Higher prices squeezing both renters and homebuyers WASHINGTON – A diminished supply of available homes is swelling prices in large U.S. metro areas from New York to Miami to Los Angeles, squeezing out would-be buyers and pushing up rents as more people are forced to remain tenants. The trend is pressuring Americans’ budgets, with about one-third of households spending more than 30 percent of their gross income on housing as of 2015, according to a report being released Friday by Harvard University’s Joint Center for…

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Florida Real Estate News – Higher inflation one more reason to buy a home now

Florida Real Estate News – Higher inflation one more reason to buy a home now NEW YORK – Annual inflation hit a 21/2-year high in December amid rising gasoline prices as a core measure of inflation increased moderately. The consumer price index rose 0.3 percent, the Labor Department said Wednesday, matching economists’ estimates. Prices were up 2.1 percent the past year, the largest annual jump since May 2014. Core inflation, which excludes volatile food and energy items, advanced 0.2 percent, also in line with economists’ forecasts. The reading was up…

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